ProShares Short 20+ Year Treasury (TBF)

Investment Objective

The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index.
The fund invests in derivatives that the Advisor believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index is maintained by Interactive Data Pricing and Reference Data LLC and/or its affiliates (collectively, "Interactive Data"). It is non-diversified.